If the Expected Inflation Rate Rises,then the Short-Run Phillips Curve

question 49

Multiple Choice

If the expected inflation rate rises,then the short-run Phillips curve ________ and the long-run Phillips curve ________.

• A)shifts;does not shift
• B)might shift;shifts only if the short-run Phillips curve shifts
• C)does not shift;does not shift
• D)shifts;shifts
• E)does not shift;shifts

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